New insider activity at QuickLogic ( (QUIK) ) has taken place on February 13, 2025.
Director Elias Nader has divested 2,843 shares of QuickLogic stock, resulting in a transaction valued at $19,190.
Recent Updates on QUIK stock
In recent developments for QuickLogic, the company signed a significant distribution agreement with Magenta Technology Limited, which aims to expand its market presence in Turkiye and the UAE, targeting sectors like defense, aerospace, and telecommunications. Additionally, QuickLogic is exploring strategic options for its SensiML subsidiary, potentially impacting its future business strategy. The company also announced a $6.575 million contract award, which is likely to enhance its financial performance. These strategic moves, alongside positive analyst outlooks such as an ‘Outperform’ initiation by Northland, are key factors influencing the stock’s performance and any revisions in price targets.
More about QuickLogic
YTD Price Performance: -42.90%
Average Trading Volume: 234,185
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $110.9M
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